Did You Know?

Quick easy to read newsletter to help you stay informed with industry knowledge and business history about salary and contingent labor.

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Did You Know

History of compensation and wages... There aren't pay stubs from the early days so it's difficult to pinpoint when a work-for-pay exchange began, but salaried employment appears to have been relatively rare and mostly limited to higher status roles, especially in [...] Read More...

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Management consulting continued... The post-Enron business landscape proved to be challenging terrain as financial auditing scandals of the early 2000s delivered a blow to the advice industry. The consulting business, however, continued to be lucrative in the years following, particularly [...] Read More...

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Management consulting continued... Anticipation of the new millennium drove the consulting boom in the 90s as preparation was well underway for Y2K. The millennium bug, or Year 2000, presented serious computer repercussions but some warned the potential glitch could affect banks, [...] Read More...

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Management consulting continued... Tim Berners-Lee, a British scientist at CERN, invented the World Wide Web (WWW) in 1989. After only being available to the government and universities, it was made publicly accessible in 1991. Only 5 years later it was part [...] Read More...

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Management consulting continued... The debut of the IBM 5150 in August 1981 sparked the computer revolution as personal computers made their way into schools, homes and businesses. The use of computers led to new problems for clients and in response a new [...] Read More...

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Management consulting continued... Consulting had become the most popular profession for Harvard MBA students with nearly a third of them going to work for McKinsey at an average salary of $15,000 a year. By the 1970s, consulting firms had become voracious [...] Read More...

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Management consulting continued... By 1946, management consulting firms had become increasingly accepted by the business community. The U.S. banking and financial securities acts of the 1930s resulted in massive growth opportunities for professional management firms as they filled the void left [...] Read More...

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Management consulting continued... The invention of a purely management and strategy consulting company came in 1926 with the launch of McKinsey & Company, a firm originally founded to give local companies financial and accounting advice. McKinsey is credited with the idea of [...] Read More...

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Management consulting continued... In 1914 the first management consultancy company to service both industry and government clients was founded: Booz Allen Hamilton. Initially specializing in technical research, and later developing a niche in ‘management engineering,’ they laid their foundation using [...] Read More...

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Management consulting... According to history, behind every great leader was a great advisor, tasked with providing exceptional insight and educated recommendations on every topic ranging from management of affairs to strategic decisions. Biblical kings had prophets, Roman emperors had the Senate, King Henry [...] Read More...

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History of staffing continued... The temporary staffing and contract labor industry has transitioned from a technical engineering and clerical support dominated business, to now include every market and discipline. From legal to medical; across all platforms of recruiting from "temp to perm" to [...] Read More...

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History of staffing continued... At the 1989 Republican National Convention George H.W. Bush, Sr. pledged, “Read my lips: no new taxes.” As President he opposed the creation of new taxes, but found it challenging to keep his promise as a [...] Read More...

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History of staffing continued... Imagine what it was like to be a recruiter in the early days without the use of computers, email, cell phones or internet. Recruiting offices overflowed with filing cabinets full of manila folders, organized by index [...] Read More...

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History of staffing continued... Job shoppers worked with a handful of recruiters that were charged with keeping them employed. Since there were no cell phones "jobbers" had their own language containing codes used to speak with their recruiters to describe [...] Read More...

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History of staffing continued... Armed with the latest copy of PE Magazine or CE Weekly, the job shopper’s bible that listed all of the latest projects and how much money they could expect to earn, jobbers sold their skills to [...] Read More...